Despite a strong jobs report, the stock market continued to tank Friday morning in the fallout of President Donald Trump‘s sweeping tariff plan.
The Bureau of Labor Statistics reported Friday that the economy added 228,000 jobs in March, while unemployment went up slightly to 4.2%. The jobs figure was above expectations, but Trump’s tariff plan unveiled Wednesday calling for at least 10% tariffs on most countries’ imports in the U.S., still has markets concerned.
ECONOMY ADDED 228,000 JOBS IN MARCH: THE KEY FACTS AND FIGURES
China announced Friday morning retaliatory 34% tariffs on U.S. imports, the same rate Trump announced the U.S. will place on Chinese imports, which hurt stock futures, with the sell off continuing when Wall Street opened at 9:30 a.m.
The Dow Jones Industrial Average is
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